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DAILY EARNINGS

Lennar Net Surges 11% on Rising Sales


Author: Mukesh Buch
ticker.com
Last Update: 9:35 AM ET December 19 2016

12:00 PM New York Lennar fourth-quarter net surged 11.3% to $313.5 million and revenues soared 15% to $3.4 billion.

Tollbooth Index increased 58.99 or 0.5% to 11,302.92.

Earnings Review

Lennar Corporation (LEN) jumped 2.9% or $1.25 to $44.67 after the home-builder reported revenues in the fourth-quarter ending in November soared 15% from a year ago to $3.4 billion.

Net income in the quarter surged 11.3% to $313.5 million or $1.34 per diluted share compared to the $281.6 million or $1.21 per share from the same quarter last year.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc